Avior Wealth Management LLC Makes New $500,000 Investment in ProShares UltraPro QQQ $TQQQ

Key Points

• Avior Wealth Management LLC has made a new investment of approximately $500,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ), acquiring 6,020 shares in the 2nd quarter.
• Proshares UltraPro QQQ recently paid a quarterly dividend of $0.0978 per share, resulting in an annualized yield of 0.4%.
• The ProShares UltraPro QQQ ETF aims to deliver 300% of the daily performance of the NASDAQ-100 Index through investments in equities and derivatives.

Avior Wealth Management LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,020 shares of the exchange traded fund's stock, valued at approximately $500,000.

Several other large investors also recently bought and sold shares of the business. MRP Capital Investments LLC acquired a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $29,000. Columbia River Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 1st quarter valued at $47,000. Cranbrook Wealth Management LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $87,000. Wolff Wiese Magana LLC purchased a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at $94,000. Finally, Beacon Capital Management LLC grew its position in shares of ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after buying an additional 450 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $103.40 on Wednesday. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $105.08. The company has a market capitalization of $31.87 billion, a P/E ratio of 38.25 and a beta of 3.45. The company's fifty day moving average is $93.14 and its two-hundred day moving average is $75.65.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were paid a $0.0978 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.39 annualized dividend and a dividend yield of 0.4%.

About ProShares UltraPro QQQ

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments.

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